In terms of the provisions of Section 21A3 of the Chartered Accountants Act

## Report on Notification Regarding Chartered Accountant Disciplinary Action **1. Executive Summary:** This report analyzes a notification issued by the Institute of Chartered Accountants of India (ICAI) regarding disciplinary action against a member, CA. Dhaval Jayeshkumar Paun. The notification, published in the Gazette of India on November 26, 2021, announces the removal of Mr. Paun's name from the Register of Members for one month due to professional misconduct. The core purpose of this notification is to publicly communicate and enforce the disciplinary decision made by the Board of Discipline as per the Chartered Accountants Act, 1949. Key findings indicate a breach of professional ethics leading to temporary suspension of membership. **2. Introduction:** This report aims to provide an informative overview of a notification pertaining to disciplinary action against a Chartered Accountant, as published in the Gazette of India on November 26, 2021. The analysis is based solely on the provided text of the notification and aims to clarify its purpose, key provisions, and implications. **3. Policy Overview:** * This notification relates to the existing framework governing Chartered Accountants, specifically the Chartered Accountants Act, 1949, and the Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007. * **Core Objective:** The core objective of this notification is to publicly communicate and enforce the disciplinary action taken against a member of the ICAI found guilty of professional misconduct. **4. Background and Rationale:** * This notification represents an enforcement action under existing regulations. It highlights the ICAI's role in upholding professional standards and ethics within the Chartered Accountancy profession. The notification signals that the ICAI is actively monitoring and addressing instances of misconduct. The rationale for this specific action, inferred from the text, is that CA. Dhaval Jayeshkumar Paun was found guilty of Professional Misconduct falling within the meaning of Clauses 6 & 7 of Part I of the First Schedule to the Chartered Accountants Act. **5. Key Provisions / Changes:** * This is **NOT an amendment** to a policy. It is an *application* of existing policies (the Chartered Accountants Act, 1949, and associated rules). * The key provision of this *notification* is the announcement of the removal of CA. Dhaval Jayeshkumar Paun's name from the Register of Members of the ICAI for a period of one month, effective November 26, 2021. * The notification states that the Board of Discipline found CA. Paun guilty of Professional Misconduct falling within the meaning of Clauses 6 & 7 of Part I of the First Schedule to the Chartered Accountants Act. * The notification is made in pursuance of the powers conferred by subsection 2 of Section 20 of the Chartered Accountants Act and under Regulation 18 of the Chartered Accountants Regulations, 1988. **6. Target Audience and Stakeholders:** The primary target audience is likely: * **CA. Dhaval Jayeshkumar Paun:** Directly affected by the disciplinary action. * **Members of the ICAI:** To serve as a reminder of professional standards and potential consequences of misconduct. * **Clients of CA. Dhaval Jayeshkumar Paun:** May be impacted by the temporary unavailability of his services. * **The general public:** To maintain trust in the Chartered Accountancy profession. **7. Implementation Aspects (Inferred):** * **Responsible agency/bodies:** The Institute of Chartered Accountants of India (ICAI), specifically the Board of Discipline. The notification is issued under the authority of the Acting Secretary, CA. Dr. Jai Kumar Batra. * **Timelines or procedures:** The removal is effective from November 26, 2021, and lasts for one month. The procedures followed are those outlined in the Chartered Accountants Act, 1949, and the Chartered Accountants Procedure of Investigations of Professional and Other Misconduct and Conduct of Cases Rules, 2007. * The Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Controller of Publications, Delhi-110054 are responsible for publishing the notification. **8. Expected Outcomes / Impact of Changes:** * The intended outcome of this notification is to enforce the disciplinary action, temporarily restrict CA. Dhaval Jayeshkumar Paun's ability to practice as a Chartered Accountant, and deter similar misconduct by other members. * The impact may include a temporary disruption to CA. Paun's practice and a potential reputational impact. It also reinforces the ICAI's commitment to maintaining professional standards. **9. Conclusion:** The notification regarding the disciplinary action against CA. Dhaval Jayeshkumar Paun is a significant event within the Chartered Accountancy profession. It demonstrates the ICAI's commitment to enforcing ethical conduct and maintaining the integrity of the profession. The temporary removal of CA. Paun from the Register of Members serves as a disciplinary measure and a deterrent to other members. This notification reinforces the importance of adhering to the standards outlined in the Chartered Accountants Act, 1949.

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